{
Ancestry.com Inc.

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}
001122334455554433221100
001122334455554433221100

23andMe faces delisting as value plummets and board resigns

23andMe, once valued at $6 billion, has seen its worth plummet by 98% and is at risk of being delisted from Nasdaq after the resignation of all independent board members. The company, which aimed to innovate genetic testing and drug discovery, reported a $312 million net loss in 2023, compounded by privacy concerns following a data breach affecting nearly 7 million customers. CEO Anne Wojcicki's proposal to take the company private was rejected, and with a looming deadline to maintain its share price above $1, 23andMe faces significant challenges ahead.
CNBC
United States Dollar 23andMe Holding Co. Ancestry.com Inc. USA Anne Wojcicki
Finance & Economy, News Article
14:30 23.10.2024
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